GreenFirst Historical Income Statement
| GFP Stock | 4.00 0.25 5.88% |
Historical analysis of GreenFirst Forest income statement accounts such as Other Operating Expenses of 552.1 M or Cost Of Revenue of 289.5 M can show how well GreenFirst Forest Products performed in making a profits. Evaluating GreenFirst Forest income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of GreenFirst Forest's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining GreenFirst Forest latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether GreenFirst Forest is a good buy for the upcoming year.
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About GreenFirst Income Statement Analysis
GreenFirst Forest Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to GreenFirst Forest shareholders. The income statement also shows GreenFirst investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
GreenFirst Forest Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of GreenFirst Forest. It is also known as GreenFirst Forest overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on GreenFirst Forest income statement and represents the costs associated with goods and services GreenFirst Forest provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from GreenFirst Forest's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into GreenFirst Forest current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GreenFirst Forest Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, GreenFirst Forest's Reconciled Depreciation is very stable compared to the past year.
| 2022 | 2024 | 2025 (projected) | Extraordinary Items | 3.2M | 3.7M | 2.8M | Reconciled Depreciation | 20.4M | 17.2M | 17.2M |
GreenFirst Forest income statement Correlations
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GreenFirst Forest Account Relationship Matchups
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High Negative Relationship
GreenFirst Forest income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Depreciation And Amortization | 2.7M | 6.0M | 20.4M | 16.7M | 19.2M | 20.2M | |
| Other Operating Expenses | 2.7M | 185.4M | 422.5M | 457.2M | 525.8M | 552.1M | |
| Operating Income | (2.7M) | 5.1M | 16.2M | (47.6M) | (337K) | (353.9K) | |
| Ebit | (2.7M) | 5.9M | 16.2M | (47.6M) | (42.8M) | (40.7M) | |
| Ebitda | (2.7M) | 11.9M | 36.6M | (30.9M) | (35.5M) | (33.7M) | |
| Total Operating Expenses | 2.7M | 23.1M | 19.3M | 35.1M | 285.1M | 299.3M | |
| Income Before Tax | (2.2M) | (11.7M) | (4.8M) | (50.4M) | (17.2M) | (16.3M) | |
| Total Other Income Expense Net | 412.8K | (16.8M) | (21.0M) | (2.8M) | (15.5M) | (14.7M) | |
| Net Income | (1.8M) | (9.6M) | (4.1M) | (50.5M) | (47.1M) | (44.7M) | |
| Income Tax Expense | (443.5K) | (2.0M) | (643K) | (1.6M) | (1.4M) | (1.4M) | |
| Selling General Administrative | 2.7M | 23.3M | 24.3M | 21.0M | 12.1M | 6.7M | |
| Interest Income | 96.7K | 5.6M | 1.4M | 1.6M | 4.7M | 2.8M | |
| Net Income Applicable To Common Shares | 47.5K | (2.2M) | (9.6M) | (910K) | (819K) | (860.0K) | |
| Net Income From Continuing Ops | (2.2M) | (9.6M) | (4.1M) | (48.8M) | (21.6M) | (22.7M) |
Pair Trading with GreenFirst Forest
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GreenFirst Forest position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GreenFirst Forest will appreciate offsetting losses from the drop in the long position's value.Moving together with GreenFirst Stock
Moving against GreenFirst Stock
| 0.86 | ORE | Orezone Gold Corp Earnings Call This Week | PairCorr |
| 0.85 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.81 | SMD | Strategic Metals | PairCorr |
| 0.67 | LLY | Eli Lilly | PairCorr |
| 0.59 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to GreenFirst Forest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GreenFirst Forest when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GreenFirst Forest - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GreenFirst Forest Products to buy it.
The correlation of GreenFirst Forest is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GreenFirst Forest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GreenFirst Forest moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GreenFirst Forest can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in GreenFirst Stock
GreenFirst Forest Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to GreenFirst Forest shareholders. The income statement also shows GreenFirst investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).